Derive Secures Angel Funding Round from Prominent Investors

Derive (formerly Lyra), a decentralized on-chain options protocol, has successfully closed its Angel funding round with contributions from prominent investors including DCF God, Georgios Vlachos, LayerZero Core, Leptokurtic, Xinshu Dong, and Daryl Lau. The exact amount raised in this round has not been publicly disclosed.

This significant financial support from key industry players underscores the growing interest in Derive's innovative approach to options trading on the blockchain. Cryptocurrency users and investors alike are eagerly anticipating the potential impact of this funding round on Derive's future development and market presence.